General overview for 20/02/2015 09:30 CET
The market is approaching the key level zone and any breakout below the level of 133.91 would invalidate the triple three scenario in the present form. That would mean the corrective structure might still be in progress. However, the shape of this structure might differ from the anticipated one and the level of 137.64 will not be hit.
Support/Resistance:
132.19 - WS2
133.73 - WS1
133.91 - Intraday Support|Key Level|
134.78 - Intraday Resistance
Trading recommendations:
Daytraders should open only a sell orders from the current price levels with SL above the level of 134.78 and TP at the level of 133.91.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/JPY for Febuary 20, 2015 . Thanks for your support.
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